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Mar 26, 2013
03/13
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. >> emergency manager has the advantage of not being elected, so you can afford being unpopular. there are five other disabilities under emergency management right now. one of those emergency managers told me yesterday the city council members may not like it but they only have themselves to blame. >> a dynamic is treated with officials have only two options. most of them choose to oppose. you look at the fact he will cut the budget which ultimately means a lot of immiscible jobs get cut. filing a suit, which could happen within days. >> the whole thing is a sham to take over the city of detroit. that is what is happening. and to break the union. >> the mayor of pontiac says he has absolutely no authority and hasn't had any authority for a long time. but he says it is a necessary evil. only an appointed official can make the ciccone and cuts that are absolutely necessary, they would be political suicide for an elected official. connell: thank you very much. dagen: neil cavuto coming up ready to talk about spending cuts and tax increases and where the economy will really feel pain
. >> emergency manager has the advantage of not being elected, so you can afford being unpopular. there are five other disabilities under emergency management right now. one of those emergency managers told me yesterday the city council members may not like it but they only have themselves to blame. >> a dynamic is treated with officials have only two options. most of them choose to oppose. you look at the fact he will cut the budget which ultimately means a lot of immiscible jobs...
90
90
Mar 22, 2013
03/13
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they want, by the way, germany is facing elections six months away. so that's why they like the idea of the bank tax. you may see that or it may go away. the situation is very fluid. right now we're seeing depositers in cyprus with severe restrictions on their bank accounts. let's show you what is going on over there. this is out of cypriot parliament. when you see the level of detail you will essentially say to yourselves, wow, this situation is worse than we realized. do we have the full screen? let's show it. restrictions to stop money from flooding out of cyprus. you will see essentially basically withdrawal restrictions. ban on premature termination of cds. converting existing savings accounts into cds. restrictions on debt, credit, prepaid debit cards. i want to get to the final bullet point. this is what cyprus is saying, any measure the finance minister or governor of cyprus to stop movement of capital out of cyprus's banks. they're trying not to let the money flood out of the country. this is what we're seeing at this very hour. still talk of
they want, by the way, germany is facing elections six months away. so that's why they like the idea of the bank tax. you may see that or it may go away. the situation is very fluid. right now we're seeing depositers in cyprus with severe restrictions on their bank accounts. let's show you what is going on over there. this is out of cypriot parliament. when you see the level of detail you will essentially say to yourselves, wow, this situation is worse than we realized. do we have the full...
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95
Mar 26, 2013
03/13
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a man they did not elect takes over finances. >> a new sheriff in town. you just mentioned him. he is the emergency financial manager appointed to get detroit back on track. he was greeted by about 100 demonstrators. they are upset because he is likely to take a chainsaw to the municipal budget. also upset because who they voted for have been muscled aside. >> the right to vote is beyond the visions of reconstruction. the right to vote matters. >> the newspapers ran a headline that or build up within all live branch. the $14 billion in long-term debt. >> if we can do this, i will have participated in one of the greatest turnarounds in the history of this country. >> he is likely to / visible jobs, / the payroll. he enjoys one luxury. he is appointed, not help it. he does not need to be popular. melissa: interesting. thank you so much. adam: the infamous ponzi scheme where bernie madoff a speaking exclusively to fox business, he said "from my first interview to the media, i have said that the banks must have known and were complacent and contributing to my crime. although i have
a man they did not elect takes over finances. >> a new sheriff in town. you just mentioned him. he is the emergency financial manager appointed to get detroit back on track. he was greeted by about 100 demonstrators. they are upset because he is likely to take a chainsaw to the municipal budget. also upset because who they voted for have been muscled aside. >> the right to vote is beyond the visions of reconstruction. the right to vote matters. >> the newspapers ran a headline...
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77
Mar 25, 2013
03/13
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FBC
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in the last few elections democrats have been more effective. sandra: thank you very much, carl. full house resorts has revenue up 3% in the state of nevada. c.e.o. tells us why his company is a good bet for investors. dennis: and the lessons we can learn from third world economies. ways to particular start our own from the dean of n.c.u.'s stearn school of business. it's monday. a brand nestart. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. gives you 1% cash back on all purchases, plus a 50% aual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for peop
in the last few elections democrats have been more effective. sandra: thank you very much, carl. full house resorts has revenue up 3% in the state of nevada. c.e.o. tells us why his company is a good bet for investors. dennis: and the lessons we can learn from third world economies. ways to particular start our own from the dean of n.c.u.'s stearn school of business. it's monday. a brand nestart. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just...
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176
Mar 19, 2013
03/13
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melissa: since his election in 2002, the new york city mayor michael bloomberg has initiated a number of health proposals. now he is proposing to ban cigarettes from being displayed in his stores. they're hiding cigarettes. is that going to prevent people from smoking or is this another instance of mayor bloomberg's big government meddling? let's get the verdict from judge napolitano. andrew napolitano. >> i'm chuckling a little bit. this follows nicely from nicole's wonderful interview with the trade representative from cyprus. the same mentality it can just steal 10% of what you have in your bank account, thinks it can tell you how to live and take care of your body rather let you have free choices. melissa: you say this is freedom of speech issue. how where cigarettes are displayed about speech? >> great question. the supreme court held that commercial speech, speech that invites a commercial transaction, i have this watch here for sale, how much will you give me for it, example of commercial speech is protected speech. if you're selling a law full product you havv the right to adv
melissa: since his election in 2002, the new york city mayor michael bloomberg has initiated a number of health proposals. now he is proposing to ban cigarettes from being displayed in his stores. they're hiding cigarettes. is that going to prevent people from smoking or is this another instance of mayor bloomberg's big government meddling? let's get the verdict from judge napolitano. andrew napolitano. >> i'm chuckling a little bit. this follows nicely from nicole's wonderful interview...
111
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Mar 18, 2013
03/13
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they have election coming up in germany. they don't want to be seen to the voters helping oligarchs from russia in greece, cyprus, rather. tracy: good stuff. adam: emac, thank you very much. tracy: let's keep talking about this story because the cyprus shocker comes as u.s. markets have been on a record run. how will the new european fears impact the rally? let's bring in jeff klinetop, lpl chief financial strategist. jeff, i'm glad you're here. who thought a country with the gdp size of vermont could affect my 401(k) when i woke up this morning. >> right. it's sign all it takes when you have a little catalyst with some factors weighing on the market. we've got high gasoline prices, slowing earnings growth. fiscal cliff issues. adding fleece new europe concerns not that there were already a lot of european concerns with what is going on in italy and france back in the recession and greece. this just adds to all of that. all it takes as they say one straw to break the camel's back. tracy: we got caught up here in the states w
they have election coming up in germany. they don't want to be seen to the voters helping oligarchs from russia in greece, cyprus, rather. tracy: good stuff. adam: emac, thank you very much. tracy: let's keep talking about this story because the cyprus shocker comes as u.s. markets have been on a record run. how will the new european fears impact the rally? let's bring in jeff klinetop, lpl chief financial strategist. jeff, i'm glad you're here. who thought a country with the gdp size of...